THE MOST GREATEST NEWS ABOUT THE CRESCENT APPEARED IN JUNE 2009. AECOM SAVANT WON THE TENDER FOR MANAGING AND PROVIDING CONSTRUCTION WORKS FOR THIS PROJECT AND ANNOUNCED THAT THE CONSTRUCTION WORKS WILL START IN OCTOBER 2009. FOR DETAILED INFORMATION SEE HERE (Aecom's press release): http://www.savantinternational.com/news.aspx

The project of the Crescent developed along with the other project of the Full Moon by Korean Heerim.
The complex consist of 5 skyscrapers. The arch-like nature of Crescent Tower is revealed by the fact that the structure isn't a pure crescent on its inside relying on more regularly shaped columns to help provide it with support.

At 32 floors tall it will also be a luxury hotel, this time with 221 rooms. There will also be 128 serviced apartments in the building. Floor space will 128,140 square metres.

Behind it will stand a further four tall buildings, three of which will be residential with the tallest of the quartet being a 43 floor office building standing 203 metres tall.

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Originally Posted by Galandar

The renderings from Heerim.com

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Originally Posted by Galandar

The renderings from Peruarki.com

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Originally Posted by Galandar

The pictures of the construction site during the demolition of the old buildings near Baku sea port. Picture is taken by user enysjg in Spring 2009

That thread was opened when the status of the building was approved. This thread is opened recently after the actual construction works started in October 2009. I prefer that old thread to be closed rather than this new one.

Dubai contractor Arabtec Holding is bidding for a major property development in Azerbaijan, a magazine reported on Tuesday, the latest effort to expand overseas to weather a downturn in its home market.

Arabtec, which earlier on Tuesday said its board had agreed to raise its stake in UAE-based House of Equipment, is expected to release its full-year results by Wednesday.

London-based magazine MEED reported on its website Arabtec was vying for the contract to build the Crescent - a complex of five high-rise residential and commercial towers and a 360-room five-star hotel on the shores of the Caspian Sea.

It did not give the source of the information.

U.S.-based engineering and design firm AECOM Technology Corp was last year awarded a construction management contract from Gilan Holding on the project, which is expected to be completed by 2013.

Arabtec has been aggressively expanding internationally over the last few months to diversify its portfolio away from Dubai, where property prices have fallen some 50 percent from their peaks and billions of dollars worth of projects have been cancelled or put on hold.

Arabtec stopped work on one of troubled Dubai developer Nakheel's largest housing projects because it had not been paid by the Dubai World-owned firm, its chief executive said on Feb 25.

Riad Kamal said no payments had come through from the developer since December's $10 billion cash injection from Abu Dhabi.

The move into Azerbaijan represents Arabtec's latest foray into the former Soviet states. It is working on a $2.7 billion contract to build a 400-metre tower for Russia's Gazprom Neft, the world's biggest gas producer.